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Tuesday, June 15, 2021
U.S. Market: 8 Out of 10 Homes Sold at or Above List Price
Homes.com: In the past six months, 82% of listings sold for list price or higher, plus 1 in 10 had no showings before contract signing, and 1 in 4 had 5 showings or less.
NEW YORK – With a low supply of homes for sale, sellers find sales happen quickly and fetch higher and higher offers. In the past six months, 82% of owners who listed their home accepted offers at list price or above, according to a new survey of about 1,600 homeowners conducted by Homes.com.
What’s more, homes are selling faster too:
25% of home sellers said they had five or fewer showings before finding a buyer
26% had between six and 10 showings before selling
Nearly 10% say they had no in-person showings at all and still sold their home due in part to the uptick in virtual tours that have been increased during the pandemic.
In April, almost 9 out of 10 homes sold were on the market for less than a month, according to National Association of Realtors®.
Twenty-seven percent of sellers surveyed say they accepted offers $10,000 or even $20,000 higher than their requested sales price, according to the Homes.com seller survey.
Sellers expect more than just the best price from offers lately. Many sellers in the Homes.com survey said say they refused to consider offers with any contingencies or other strings-attached: 28% required all-cash payments, no contingencies, and 30 days or less to close, and 14% opted to sell their home “as is.”
Source: “How Are Sellers in the Current Market REALLY Doing?” Homes.com (June 8, 2021)